Constellation Brands Inc (NYSE:STZ) has been given a $200.00 target price by stock analysts at Susquehanna Bancshares Inc in a research report issued to clients and investors on Thursday. The firm currently has a “hold” rating on the stock. Susquehanna Bancshares Inc’s price objective would suggest a potential downside of 4.42% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Morgan Stanley lifted their price objective on shares of Constellation Brands from $204.00 to $218.00 and gave the stock an “overweight” rating in a research report on Monday, July 3rd. Macquarie started coverage on shares of Constellation Brands in a research report on Thursday, September 14th. They set an “outperform” rating and a $227.00 target price on the stock. BidaskClub raised shares of Constellation Brands from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada restated a “buy” rating and set a $220.00 price objective on shares of Constellation Brands in a research note on Wednesday, August 2nd. Finally, UBS AG lifted their price objective on shares of Constellation Brands from $162.00 to $176.00 and gave the company a “neutral” rating in a research note on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $206.82.

Constellation Brands (NYSE:STZ) traded up 4.01% during mid-day trading on Thursday, reaching $209.25. 4,951,911 shares of the company’s stock traded hands. Constellation Brands has a 12-month low of $144.00 and a 12-month high of $213.40. The stock has a 50-day moving average price of $200.74 and a 200-day moving average price of $186.60. The stock has a market capitalization of $40.87 billion, a PE ratio of 26.24 and a beta of 0.04. Constellation Brands also was the recipient of unusually large options trading activity on Wednesday. Stock traders purchased 8,867 put options on the stock. This represents an increase of approximately 667% compared to the typical volume of 1,156 put options.

Constellation Brands (NYSE:STZ) last announced its quarterly earnings data on Thursday, October 5th. The company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.30. Constellation Brands had a net margin of 19.94% and a return on equity of 21.57%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the business posted $1.77 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Equities research analysts expect that Constellation Brands will post $8.18 EPS for the current year.

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In related news, EVP William F. Hackett sold 12,517 shares of Constellation Brands stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $197.00, for a total transaction of $2,465,849.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Barry A. Fromberg sold 2,000 shares of Constellation Brands stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $195.93, for a total value of $391,860.00. Following the sale, the director now owns 22,820 shares of the company’s stock, valued at approximately $4,471,122.60. The disclosure for this sale can be found here. Insiders have sold a total of 84,291 shares of company stock valued at $16,438,975 in the last ninety days. Corporate insiders own 15.59% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of STZ. UBS Asset Management Americas Inc. grew its holdings in Constellation Brands by 8.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 467,139 shares of the company’s stock valued at $75,709,000 after buying an additional 36,798 shares during the period. Schroder Investment Management Group purchased a new stake in shares of Constellation Brands during the 1st quarter worth about $306,000. Blair William & Co. IL grew its holdings in shares of Constellation Brands by 36.4% during the 1st quarter. Blair William & Co. IL now owns 11,343 shares of the company’s stock worth $1,805,000 after purchasing an additional 3,024 shares during the period. ProVise Management Group LLC grew its holdings in shares of Constellation Brands by 2.3% during the 1st quarter. ProVise Management Group LLC now owns 4,526 shares of the company’s stock worth $733,000 after purchasing an additional 100 shares during the period. Finally, Concert Wealth Management Inc. grew its holdings in shares of Constellation Brands by 0.7% during the 1st quarter. Concert Wealth Management Inc. now owns 1,379 shares of the company’s stock worth $212,000 after purchasing an additional 10 shares during the period. Institutional investors own 74.96% of the company’s stock.

Constellation Brands Company Profile

Constellation Brands, Inc is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States.

Analyst Recommendations for Constellation Brands (NYSE:STZ)

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